Discover Financial Services (NYSE:DFS) – Investment analysts at William Blair lifted their Q1 2018 EPS estimates for Discover Financial Services in a research note issued on Tuesday. William Blair analyst R. Napoli now expects that the financial services provider will post earnings of $1.72 per share for the quarter, up from their previous forecast of $1.52. William Blair also issued estimates for Discover Financial Services’ Q2 2018 earnings at $1.77 EPS and Q4 2018 earnings at $1.93 EPS.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.06. Discover Financial Services had a return on equity of 21.01% and a net margin of 20.04%.

A number of other brokerages have also recently issued reports on DFS. Barclays set a $95.00 target price on Discover Financial Services and gave the stock a “buy” rating in a report on Friday, January 12th. Jefferies Group reissued a “buy” rating and issued a $91.00 target price on shares of Discover Financial Services in a report on Thursday, January 11th. Royal Bank of Canada reissued a “buy” rating and issued a $107.00 target price on shares of Discover Financial Services in a report on Tuesday, January 9th. Wells Fargo & Co reissued a “market perform” rating and issued a $83.00 target price (up from $69.00) on shares of Discover Financial Services in a report on Tuesday, January 9th. Finally, Stephens set a $73.00 target price on Discover Financial Services and gave the stock a “sell” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $80.76.

Shares of Discover Financial Services (DFS) traded down $0.71 on Thursday, hitting $78.22. The stock had a trading volume of 1,700,900 shares, compared to its average volume of 2,116,350. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $81.23. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $28,420.00, a PE ratio of 13.46, a PEG ratio of 1.72 and a beta of 1.52.

A number of institutional investors and hedge funds have recently made changes to their positions in DFS. BlueMountain Capital Management LLC boosted its position in Discover Financial Services by 835.6% in the 2nd quarter. BlueMountain Capital Management LLC now owns 21,659 shares of the financial services provider’s stock valued at $1,347,000 after buying an additional 19,344 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Discover Financial Services by 2.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,470,977 shares of the financial services provider’s stock valued at $91,480,000 after buying an additional 41,756 shares during the last quarter. D.A. Davidson & CO. boosted its position in Discover Financial Services by 20.7% in the 2nd quarter. D.A. Davidson & CO. now owns 10,615 shares of the financial services provider’s stock valued at $660,000 after buying an additional 1,817 shares during the last quarter. Public Sector Pension investment Board boosted its position in Discover Financial Services by 14.7% in the 2nd quarter. Public Sector Pension investment Board now owns 201,508 shares of the financial services provider’s stock valued at $12,532,000 after buying an additional 25,800 shares during the last quarter. Finally, Woodmont Investment Counsel LLC boosted its position in Discover Financial Services by 4.0% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 4,027 shares of the financial services provider’s stock valued at $250,000 after buying an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.

In related news, EVP Carlos Minetti sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $66.68, for a total transaction of $533,440.00. Following the completion of the sale, the executive vice president now directly owns 173,149 shares of the company’s stock, valued at approximately $11,545,575.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Roger C. Hochschild sold 15,258 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $66.79, for a total value of $1,019,081.82. Following the sale, the chief operating officer now directly owns 769,440 shares of the company’s stock, valued at $51,390,897.60. The disclosure for this sale can be found here. Insiders have sold a total of 179,277 shares of company stock valued at $12,673,925 over the last ninety days. Insiders own 0.96% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.79%. Discover Financial Services’s dividend payout ratio is 24.10%.

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About Discover Financial Services

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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